July 18, 2019

Provision of virtual asset services now formally subject to Cayman’s AML regime

By Matt Taber and Daniella Skotnicki From Harneys Under recent changes to the Cayman Islands Proceeds of Crime Law, the provision of virtual asset services is now formally recognised as “relevant financial business”. Any entity that carries out relevant financial business must ensure that it complies with the Proceeds of Crime Law and the Anti-Money […]

Millions pledged for Caribbean conservation programmes

ANTIGUA (July 16, 2019) – France and Germany, along with The Nature Conservancy, have pledged over US$45 million in contributions to the Caribbean Biodiversity Fund (CBF) to increase resources for biodiversity conservation.  During last month’s CBF Annual Meeting in Antigua, Ulrike Metzger, division head of regional development policy, Central America, Caribbean and Mexico for the […]

Virtual export accelerator for youth entrepreneurs

From OECS The Competitive Business Unit (CBU) of the Organisation of Eastern Caribbean States (OECS) Commission invites Youth Entrepreneurs (18 to 29) in the OECS, who are involved in or interested in exporting goods and or services, to participate in a four (4) month virtual accelerator program. Scope of the Programme Based on consultations with […]

US State Department to support alternative energy projects in Caribbean

By Alecia Smith From JIS Story Highlights Jamaica is among several Caribbean countries slated to benefit from United States (US) Department of State support to implement alternative energy-related projects. Global Power Sector Programme Manager, Bureau of Energy Resources, US Department of State, Faith Corneille, said that over 70 projects have been identified that could receive […]

Drug companies and distributors lose court fight over pain pill data

A federal judge on Monday required the release of detailed information about legal painkillers made and sold in the United States between 2006 and 2012 that could change the public’s understanding of the nation’s ongoing opioid abuse epidemic, which has killed nearly a quarter of a million people since it started in the 1990s. In […]

With so much late-stage money available, why are tech companies going public now?

By Ajay Chopra From TechCrunch Ringing the Nasdaq market bell was the thrill of a lifetime — both when I did it as a founder and also vicariously as a VC via my incredible founders who have taken their companies public. There’s nothing like seeing the baby you nurtured mature into a multibillion-dollar public entity. […]

Liddick: Lessons from the Caribbean

By Morgan Liddick From Daily Progress Before Congress decides to dump another boodle of our money into the nations of Central America in a vain attempt to curb the illegal immigration problem on our southern border, its members ought to travel there. Without the advance teams, weeks of intense planning, embassy minders, staffers and official […]

US: As FTC cracks down, data ethics is now a strategic business weapon

By Daniel Wu From TechCrunch Five billion dollars. That’s the apparent size of Facebook’s latest fine for violating data privacy.  While many believe the sum is simply a slap on the wrist for a behemoth like Facebook, it’s still the largest amount the Federal Trade Commission has ever levied on a technology company.  Facebook is clearly […]

Cayman Chamber of Commerce invites registration for the 2020 Leadership Cayman Programme

The Cayman Islands Chamber of Commerce is delighted to announce that registration for the 2020 Leadership Cayman Programme is now open.  Applicants interested in applying must be at least 25 years old by January 1, 2020; have lived in the Cayman Islands for a minimum period of 12 months; and be in at least a […]

‘Tax the cruise sector and reduce airport tax’ Bahamian businessman urges Caribbean governments to make changes

By Delana Isles From TC Weekly News CARIBBEAN governments should tax the cruise sector more and lessen taxes for air passengers in and around the region. This is the view of Robert MacLellan, managing director of MacLellan and Associates, a hospitality consultancy firm based in the Bahamas. In an opinion piece that has been shared by […]